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NATIONAL CONSUMER CREDIT PROTECTION ACT 2009 - SECT 133CZI

Obligation to provide ASIC with assistance if reasonably requested

Requirement to provide assistance

  (1)   If ASIC, or a person authorised by ASIC, reasonably requests assistance from a Part   3 - 2CA body (the assisting body ) about whether:

  (a)   the assisting body; or

  (b)   another Part   3 - 2CA body;

is complying with this Part (other than Division   4), the assisting body must give ASIC or the authorised person the requested assistance.

Civil penalty:   5,000 penalty units.

  (2)   If the request is in writing, it is not a legislative instrument.

Offence

  (3)   A person commits an offence if:

  (a)   the person is subject to a requirement to give ASIC or an authorised person assistance under subsection   (1); and

  (b)   the person engages in conduct; and

  (c)   the conduct contravenes the requirement.

Criminal penalty:   6 months imprisonment.


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